VFVA vs. AIVL

Last updated Jun 25, 2026

VFVA (Vanguard U.S. Value Factor ETF) and AIVL (WisdomTree U.S. Al Enhanced Value Fund) are both Mid Cap Value Equities funds. Both are actively managed. Over the past 5 years, VFVA returned 10.23%/yr vs 8.00%/yr for AIVL. Their correlation of 0.87 suggests significant overlap in exposure. VFVA charges 0.13%/yr vs 0.38%/yr for AIVL.

Performance

VFVA vs. AIVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Value Factor ETF (VFVA) and WisdomTree U.S. Al Enhanced Value Fund (AIVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFVA achieves a 11.01% return, which is significantly lower than AIVL's 12.41% return.

VFVA

• 1D: 0.35%
• 1M: 1.47%
• YTD: 11.01%
• 6M: 9.60%
• 1Y: 26.98%
• 3Y*: 17.79%
• 5Y*: 10.23%
• 10Y*: —

AIVL

• 1D: 0.25%
• 1M: 2.90%
• YTD: 12.41%
• 6M: 11.39%
• 1Y: 16.72%
• 3Y*: 14.61%
• 5Y*: 8.00%
• 10Y*: 8.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFVA vs. AIVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFVA Vanguard U.S. Value Factor ETF	11.01%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	25.42%	-18.90%
AIVL WisdomTree U.S. Al Enhanced Value Fund	12.41%	9.72%	13.49%	7.17%	-7.26%	24.30%	-5.82%	24.40%	-9.14%

Correlation

The correlation between VFVA and AIVL is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.87

The correlation between VFVA and AIVL has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

VFVA vs. AIVL - Sectors Allocation Comparison

Sectors	VFVA	AIVL
Financial Services	25.7%	17.9%
Healthcare	14.9%	12.0%
Technology	14.5%	21.3%
Consumer Cyclical	13.1%	3.1%
Industrials	7.6%	15.5%
Energy	7.3%	3.1%
Consumer Defensive	7.1%	7.8%
Communication Services	6.2%	4.2%
Basic Materials	3.3%	4.6%
Real Estate	0.4%	1.5%
Utilities	-	8.9%

Return for Risk

VFVA vs. AIVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFVA

VFVA Risk / Return Rank: 62
VFVA Sharpe Ratio Rank: 59
VFVA Sortino Ratio Rank: 63
VFVA Omega Ratio Rank: 57
VFVA Calmar Ratio Rank: 70
VFVA Martin Ratio Rank: 62

AIVL

AIVL Risk / Return Rank: 49
AIVL Sharpe Ratio Rank: 47
AIVL Sortino Ratio Rank: 48
AIVL Omega Ratio Rank: 44
AIVL Calmar Ratio Rank: 48
AIVL Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VFVA vs. AIVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Value Factor ETF (VFVA) and WisdomTree U.S. Al Enhanced Value Fund (AIVL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VFVA	AIVL	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.45	+0.33
Sortino ratio: Return per unit of downside risk	2.61	2.12	+0.49
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.17	2.14	+1.03
Martin ratio: Return relative to average drawdown	10.01	8.61	+1.40

VFVA vs. AIVL - Sharpe Ratio Comparison

The current VFVA Sharpe Ratio is 1.77, which is comparable to the AIVL Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of VFVA and AIVL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VFVA vs. AIVL - Drawdown Comparison

The maximum VFVA drawdown since its inception was -48.58%, smaller than the maximum AIVL drawdown of -62.48%. Use the drawdown chart below to compare losses from any high point for VFVA and AIVL.

Drawdown Indicators

	VFVA	AIVL	Difference
Max Drawdown Largest peak-to-trough decline	-48.58%	-62.48%	+13.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-7.85%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-24.07%	-14.48%	-9.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.07%	-19.08%	-4.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.16%	—
Current Drawdown Current decline from peak	-1.68%	-0.82%	-0.86%
Average Drawdown Average peak-to-trough decline	-7.32%	-7.89%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.95%	+0.75%

Volatility

VFVA vs. AIVL - Volatility Comparison

The current volatility for Vanguard U.S. Value Factor ETF (VFVA) is 3.70%, while WisdomTree U.S. Al Enhanced Value Fund (AIVL) has a volatility of 4.02%. This indicates that VFVA experiences smaller price fluctuations and is considered to be less risky than AIVL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFVA	AIVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.02%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	9.19%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	11.61%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.13%	14.74%	+5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.29%	17.35%	+6.94%

VFVA vs. AIVL - Expense Ratio Comparison

VFVA has a 0.13% expense ratio, which is lower than AIVL's 0.38% expense ratio.

Dividends

VFVA vs. AIVL - Dividend Comparison

VFVA's dividend yield for the trailing twelve months is around 1.42%, which matches AIVL's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVL WisdomTree U.S. Al Enhanced Value Fund	1.43%	1.61%	2.13%	2.43%	2.08%	2.75%	3.55%	3.25%	4.18%	3.16%	3.20%	3.41%
VFVA Vanguard U.S. Value Factor ETF	1.42%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VFVA and AIVL in my portfolio?

VFVA and AIVL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFVA or AIVL?

AIVL has higher volatility (4.02%) compared to VFVA (3.70%). In terms of maximum drawdown, VFVA dropped -48.58% vs AIVL's -62.48%.

Which ETF is better, VFVA or AIVL?

On 5-year performance, VFVA leads with 10.23% vs 8.00% for AIVL. On fees, VFVA is cheaper at 0.13% per year. On volatility, VFVA has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFVA or AIVL?

Over the 5-year period, VFVA has performed better with a 10.23% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFVA or AIVL?

VFVA is cheaper with a 0.13% expense ratio, compared with 0.38% for AIVL.

Which ETF pays a higher dividend yield, VFVA or AIVL?

VFVA and AIVL have nearly identical dividend yields, around 1.42%.

What is the main difference between VFVA and AIVL?

They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.13% for VFVA and 0.38% for AIVL.

Which has better risk-adjusted returns?

VFVA currently has the higher Sharpe Ratio (1.77 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.